Which of these products is an example of perfect competition?

Which of the following is a difference between the financial statements of a merchandising company and a service company?

Nookie1986 [14]

Answer:

The correct option is (B)

Explanation:

Cost of goods sold the cost attributed to goods produced by the organization. Cost of goods sold is incurred by organizations that manufactures a tangible product. Service firms do not incur any cost on goods sold as they do not need any raw material to manufacture goods.

Cost of goods sold is an expense and not an asset as it is a cost incurred to manufacture assets for the organization.

Therefore, correct option is (B)

6 0

3 years ago

What are the possible outcomes of a procure to pay process

kari74 [83]

Explanation: A well-documented procure-to-pay process:

Creates a frictionless environment where your employees get what they need without uncertainty. ...

Ensures consistent oversight into purchases and adherence to budgets and departmental prerequisites.

Reduces risks of ordering from unknown suppliers or making out-of-process, unsanctioned purchases

It increases visibility, reduces redundancy, and allows finance to track, analyze, and forecast spending

P.s hopes this helps!

7 0

1 year ago

Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment

cestrela7 [59]

Answer:

C3 should be chosen

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

For project C1:

Cash flow in year 0 = $-252,000

Cash flow in year 1 =$20,000

Cash flow in year 2 =116,000

Cash flow in year 3 =176,000

I = 10%

NPV = $5,719

For project C2

Cash flow in year 0 = $-252,000

Cash flow in year 1 = $104,000

Cash flow in year 2 = $104,000

Cash flow in year 3 = $104,000

I = 10%

NPV = $6,633

For project C3

Cash flow in year 0 = $-252,000

Cash flow in year 1 = $188,000

Cash flow in year 2 =68,000

Cash flow in year 3 =56,000

I = 10%

NPV = $17,181

C3 should he accepted because it has the highest NPV

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

3 0

3 years ago

Robin Company has the following balances for the current month: Direct materials used $ 24,000 Direct labor $ 36,800 Sales salar

Irina-Kira [14]

Answer:

total manufacturing cost = $60800

Explanation:

given data

Direct materials used = $24,000

Direct labor = $36,800

Sales salaries = $19,200

Indirect labor = $4,800

Production manager's salary = $9,600

Marketing costs = $14,400

Factory lease = $6,400

solution

we get here total manufacturing cost that is express as

total manufacturing cost = Direct Material + Direct Labor ..............1

put here value and we get

total manufacturing cost = $24000 + $36800

total manufacturing cost = $60800

3 0

4 years ago

Who is responsible for leading the Federal Government's response efforts to ensure that the necessary coordinating structures, l

ElenaW [278]

I’m pretty sure, but forgive me if I’m wrong; it might be “C”. FEMA

6 0

3 years ago

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